Brazil has a strong environmental record, says Ambassador of Brazil to the UK

According to Fred Arruda, Ambassador of Brazil to the UK, the Amazon biome is 84% intact and having peaked after 2012, deforestation rates fell by 72 per cent over the last 15 years. The Ambassador added that Brazil regenerated in the Amazon an area larger than Scotland and replanted forests covering an area the size of Wales. Furthermore, he wrote that “Brazil is on track to meet its Paris Agreement nationally determined contribution (NDC)”.

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Source: Financial Times

Chinese hunger for donkey skin could wipe out species in Brazil within 5yrs

Since agreeing to export donkey meat and leather to China in July 2017, over 100,000 donkeys have been killed in three slaughterhouses in Bahia, and the state’s goal is to export 200,000 a year – even though, according to official statistics from 2012, Brazil is home to just over 900,000 donkeys. If the slaughter hits the rates sought by China, donkeys could disappear from Brazil in less than five years. China consumes almost five million donkey skins a year – each worth up to £3,000 on the Asian market.

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Source: The Independent

Central Bank Cuts SELIC Interest Rate 4.5%

In a statement, the Central Bank pointed out that it sees the Brazilian economy gaining ground and that “the recovery will continue at a gradual pace”. The Monetary Policy Committee (COPOM) decided on Wednesday to cut the SELIC by 0.5 percentage point for the fourth consecutive time, bringing interest rates down to 4.5 percent, the lowest basis interest rate in history.

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Source: The Rio Times

Brazil to honour $465 mn in UN and BRICS bank debts but no other in 2019

The federal government will pay debts of R$1.815 billion to the United Nations (UN) and the BRICS bank (a group comprising Brazil, Russia, India, China and South Africa) by the end of the year. On the other hand, it will no longer honor commitments to the Latin American Development Bank (CAF), the Inter-American Investment Corporation (IDB Invest), the Financial Fund for the Development of the La Plata Basin (FONPLATA), and the International Development Agency (IDA).

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Source: The Rio Times

Pão de Açúcar Group’s Revenue Exceeds $17 bn for the year to September 2019

The incorporation of Colombian Almacenes Éxito into the Pão de Açúcar Group (GPA) provides positive results on all fronts said the company’s president Peter Estermann.  Over the 12 months up to September, Pão de Açúcar Group (GPA) revenues in Brazil reached R$53 billion; operations in Colombia with the Éxito Group totaled R$18 billion.

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Source: The Rio Times

Brazil’s January to November Vehicle Sales Rise 8.3 Percent

Vehicle Sales totaled 2.53 million units from January to November, representing an 8.3 percent increase compared to the same period last year, says National Association of Motor. In November, the number of vehicle registrations reached 242,300, corresponding to a drop of 4.4 percent over October and a rise of 4.9 percent over November of last year.

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Source: The Rio Times

Brazil’s Electro-electronic Sector Annual Revenue to Remain Stable at $37 bn

Revenue from the electro-electronic industry should end 2019 at R$154 (US$37) billion. According to the Brazilian Association of the Electrical and Electronic Industry (Abinee), despite the nominal growth of five percent compared to 2018 (R$146.1 billion), there was no real increase, since inflation in the sector, according to the Producer Price Index (IPP), also closed the year at five percent. Exports shrank five percent in 2019, from US$ 5.9 billion to US$ 5.6 billion. Imports rose one percent from US$ 31.8 billion in 2018 to US$ 31.9 billion this year.

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Source: The Rio Times